Am I overlooking some indicators?

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yi3ld51Full Member
Posts: 78 · Reputation: 389
#1Jan 4, 2017, 04:42 PM
kyboadbrokn! typo! I use Bollinger Bands to spot when they pinch at the top or bottom and look at candles moving around that area. The chop index usually gives a heads up one bar ahead, sometimes even two. AO indicates volatility, so it pairs well with the Bollinger Bands. And honestly, MACD is my go-to when the lines cross. But this is just my guess from some messing around. Also, how long should I expect support in 5 days if I wanna set a take profit and stop loss that lasts that long? Are there any candle patterns that show not just volume but like 70% buys or sells?
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yi3ld51Full Member
Posts: 78 · Reputation: 389
#2Jan 4, 2017, 07:36 PM
i  hosted a scewn shot got error?
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bridge_atlasFull Member
Posts: 259 · Reputation: 692
#3Jan 4, 2017, 10:34 PM
Quoting and rectifying your image for visibiltyYou used the wrong image link, that why there was an error when you posted. I used this with JPEG extension at the end, and it's working. About the indicators, 1. The more you have on your chart, the more confusing it will be to make an entry or exit 2. Technical Indicators are not 100% correct. 3. Every trader has a different kind of strategy or trading pattern, choose a few appropriate indicators for your strategy. There are so many indicators on tradingview. Edit: your image size is too big (3.1 MB). Please reduce the image size to at most 2.5 MB and re-upload it. The forum image proxy supports up to only 2.5 MBs as maximum.
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oracle365Full Member
Posts: 174 · Reputation: 700
#4Jan 5, 2017, 05:57 PM
This is what I later got to discover that the most successful traders do not use a lot of indicators on their tradingview screen, and the few of them that have observed have indicators on only had like two that they use together, not numerous. This is why you need to understand them before you use them because there are times when the indicators will be telling you a different thing from the market candles, and experience at those times is what will determine your next course of action.
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HyperCipherFull Member
Posts: 220 · Reputation: 780
#5Jan 5, 2017, 08:49 PM
OP, there's no indicator in your chart and that's not in your chart that's going to help you "trade" better than many, more skilled, better capitalized, more experienced traders than you. In fact, they might see what indicators you're using and what time frame, and they could tell what sort of "trades" you're doing and they would know how to exploit them. The best strategy as a counter-offensive against them? NOTHING - just HODL! Don't play their game!
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